Weekly Cotton Market Review

MEMPHIS - Jul 18/14 - SNS -- The USDA released its latest review of cotton market conditions in the United States, reviewing conditions through the week ending 6 18.

Weekly Cotton Market Review
July 18, 2014
Spot cotton quotations averaged 139 points lower than the previous week,
according to the USDA, Agricultural Marketing Service’s Cotton Program.
Quotations for the base quality of cotton (color 41, leaf 4, staple 34, mike 35-36
and 43-49, strength 27.0-28.9, uniformity 81.0-81.9) in the seven designated
markets averaged 69.98 cents per pound for the week ended Thursday, July 17,
2014. The weekly average was down from 71.37 cents last week and 80.55 cents
reported the corresponding period a year ago. Daily average quotations ranged from
a high of 70.14 cents on Friday, July 11 to a new season low of 69.79 cents on
Tuesday, July 15. Spot transactions reported in the Daily Spot Cotton Quotations
for the week ended July 17 totaled 1,215 bales. This compares to zero bales
reported last week and 2,773 bales reported a year ago. Total spot transactions for
the season were 1,304,889 bales compared to 1,671,895 bales the corresponding
week a year ago. The ICE October settlement prices ended the week at 68.45 cents,
compared to 68.90 cents last week.
Prices are in effect from July 18-24, 2014
Adjustment World Price (AWP) 62.06 ELS Competitiveness Payment 0.00
Loan Deficiency Payment (LDP) 0.00 Fine Count Adjustment 2013 Crop 0.00
Coarse Count Adjustment (CCA) 0.00 Fine Count Adjustment 2014 Crop 0.00
Source: Farm Service Agency, FSA, USDA

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STAT News Service